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DAILY EARNINGS

Movado Net Soars 40%, Conn's Net Tumbles 44%


Author: Mukesh Buch
ticker.com
Last Update: 1:30 PM ET March 31 2015

12:30 AM New York Conn''s fourth-quarter net tumbled 44% to $16 million. Movado fourth-quarter net soared 40% to $10 million. Science Applications International fourth-quarter net climbed 9% to $36 million.

Tollbooth Index slid 0.05% or 4.93 to 10,518.48.

Earnings Review

Conn''s, Inc (CONN), the consumer goods retailer reported revenues in the fourth-quarter ending in January soared 18.2% to $426.7 million from a year ago period.

Comparable store sales in the quarter increased 1.3%

Net income in the quarter tumbled 44% to $15.5 million or 42 cents per diluted share compared to $27.7 million or 75 cents from the same quarter last year.

Movado Group, Inc (MOV), the jewellery-watch maker said net sales in the fourth-quarter ending in January increased 1.2% to $133.9 million from a year ago period.

Net income in the quarter soared 39.8% to $10.05 million or 40 cents per diluted share compared to $7.19 million or 28 cents from the same quarter last year.

The company forecasted net sales for the fiscal 2016 to climb in the range of $590 million to $600 million and net income between $48.5 million and $51.0 million and earnings per share in the range of $2 to $2.10.

Science Applications International Corp (SAIC), the scientific, engineering, and technology applications developer stated total revenues in the fourth-quarter ending in January rose 1.2% to $952 million from a year ago period.

Net income in the quarter climbed 9.1% to $36 million or 75 cents per diluted share compared to $33 million or 66 cents from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc